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Broadcom’s AI Chip Deals Excite Wall Street. It’s About More Than Apple.

Por: MarketWatch Business May 30, 2023

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The company and Apple (AAPL) announced a new to make 5G radio frequency components and wireless chips. The deal and others, most notably with Google, have Wall Street mostly positive coming into earnings. “We believe that Broadcom’s custom chip (ASIC) business has continued to see accelerating orders from Google for its advanced artificial-intelligence processor chip called TPU,” JP Morgan analyst Harlan Sur wrote in a research note... + full article



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